6 Different Models Of Internet Marketing
In my last three articles, I talked about my ups and downs in affiliate marketing, the two sides of that business model and why giving value to people is more important than anything else – including self-belief in your business success. Here, I am going to explain the 6 different models of internet marketing which is quite general by its definition.
1. Affiliate Marketing
The first model is by far the most basic and yet essential for all newbies to get started. That is by promoting other people’s products and services – be it digital or physical – and get paid in return. There are many ways you can go about doing so but that is another topic I will cover for the day.
2. E-Commerce
The second model is e-commerce.
While it may seem similar to promoting physical products as affiliate at first glance, it is not.
What this essentially means is that instead of having a physical store which can cost you tens of thousands in rent, staff and inventory costs, you can have a virtual one in the form of an e-commerce website instead.
In contrary to the traditional model, you do not need to have huge inventory at home.
You just need to have good connections of reliable suppliers who are willing to deliver the products for you to your customers while making sure they are in great condition and exactly what your customers required upon placing orders.
The only con is that building an e-commerce store is very challenging. Especially for a beginner who does not know anything about web design.
Even if you hired a freelancer, you may have to pay hundreds and even thousands of dollars because of the perceived value as in your store can earn you much more than what you invest initially in the long run though you do not get to make that money immediately.
3. Local Business Consulting
If you are already proficient in building websites and getting them ranked on top of Google, you can be a local business consultant to offline business owners whether they are running companies, cafes or shops.
If you are able to get customers through other online strategies as well, that will be even better.
However, I do not recommend this to newbies as most business owners are very selective in who to hire the same way as who they should employ in job interviews.
4. Freelancing
You can also do freelance work for internet marketers if you are good at building websites, writing content like articles, blog posts, e-books, and short reports, designing banners, e-covers and graphics.
But do not expect to get high pay unless you are an experienced programmer and software developer.
You may head down to sites like Elance, Fiverr, and Guru to offer your services.
5. Mobile Apps
This is another profession you may consider if you like to learn and earn from designing mobile apps for people.
Given the fact that iPhones are very popular these days and people tend to surf the web through those to laptops and desktops, this is another model you should consider.
6. Creating And Selling Your Own Information Products
I did cover this topic briefly in my article on the Two Sides Of Affiliate Marketing Coin.
What this means is you write your e-books and design your own video tutorials teaching people on how to do certain things based on your expertise and experience.
It does not have to be just internet marketing.
It can be other things like smart business investing, wise financial management, personal development, and health-related topics.
Or even hobbies based on your personal passion as well as that of others.
